Russell Investments announced today the U.S. launch of Russell ETFs with
the listing of its first suite of innovative exchange traded funds
(ETFs), the Russell Investment Discipline ETFs™, on the NYSE Arca.
Drawing on Russell’s decades of expertise in multi-manager research and
index construction, Russell aims to provide next-generation ETFs to help
investors construct portfolios and manage risk. The Russell Investment
Discipline ETFs are the first family of ETFs designed to offer focused,
transparent and consistent exposure to U.S. large-cap equities across
six investment disciplines commonly practiced by professional investment
managers.

“As we celebrate our 75th year in the financial services
industry in May, the launch of Russell ETFs represents another major
step forward in Russell’s storied history of research and innovation,”
said Andrew Doman, president and CEO of Russell. “Through a robust
offering of ETFs we enhance our steadfast dedication to providing
investors with a wide range of innovative products and tailored
solutions to help each client reach their individual investment
objectives.”

In its build-up as an ETF provider, Russell assembled a seasoned team of
ETF veterans from across the industry to marshal their ETF expertise in
a new venture built upon Russell’s leadership position in institutional
investment insight. Based in large part in San Francisco, the newly
formed Russell ETF team also leveraged investment expertise from across
Russell’s global network of financial professionals to bring to market
the first Investment Discipline ETFs.

“Having been involved in the ETF industry since its inception through my
career, I recognized an opportunity, perhaps unique to Russell, to
provide sophisticated ETF products that expand beyond traditional market
offerings,” said James Polisson, managing director of Russell’s global
ETF business. “Our team is committed to offering truly innovative
products and we believe that there is a tremendous opportunity for
growth by creating ETFs that provide targeted exposures that have not
been readily accessible to investors previously.”

The Russell Investment Discipline ETFs were created to help investors
implement a position based on specific approaches commonly used by
investment managers. The suite includes:

Each Russell Investment Discipline ETF tracks the performance of a
corresponding Russell Investment Discipline Index, which is
independently screened and constructed in order to reflect the return
patterns of a particular investment strategy. The Russell Investment
Discipline Indexes are constructed from the companies in the Russell
1000® Index, which is the most widely used U.S. large-cap index among
institutional investors.

“In developing this first set of ETF products, we sought out the six
most prevalent strategies professional investment managers use when
selecting individual securities and worked with our investment and index
teams to build products that give investors access to actual investment
approaches, rather than simply a broad market, style or sector index,”
said Andy Arenberg, managing director of Russell’s global ETF
distribution.

Today’s announcement follows the acquisition of U.S. One, Inc. earlier
this year. Following the acquisition, Russell became the investment
advisor for the One Fund (NYSE ticker: ONEF) an ETF of ETFs that
launched May 14, 2010. It was subsequently renamed the Russell Equity
ETF. Russell also previously launched the Russell High Dividend
Australia Shares ETF and Russell Australian Value ETF in Australia.

In this new role as an ETF sponsor, Russell complements its
long-established index business which partners with other ETF sponsors
in the use of Russell Indexes as benchmarks for their ETF products. The
Russell ETFs launched today complement existing ETF products offered by
Russell's valued partners, which currently account for $84 billion in
ETF assets (as of April 30, 2011).

About Russell ETFs

Russell ETFs were created to deliver a wide range of clearly
differentiated market exposures that can help investors meet their
individual investment objectives. With Russell ETFs, investors gain
access to unique exposures such as investment disciplines. Russell ETFs
also launched a dedicated web site. Please visit: www.russelletfs.com.

About Russell Investments

Founded in 1936, Russell Investments is a global financial services firm
that serves institutional investors, financial advisers and individuals
in more than 35 countries. Over the course of its history, Russell’s
innovations have come to define many of the practices that are standard
in the investment world today, and have earned the company a reputation
for excellence and leadership. The firm has about $161 billion in assets
under management, as of March 31, 2011.

Russell Investments is a Washington, USA Corporation, which operates
through subsidiaries worldwide and is a subsidiary of The Northwestern
Mutual Life Insurance Company.

This material is proprietary and may not be reproduced, transferred, or
distributed in any form without prior written permission from Russell
Investments. It is delivered on an "as is" basis without warranty.

Nothing contained in this material is intended to constitute legal, tax,
securities, or investment advice, nor an opinion regarding the
appropriateness of any investment, nor a solicitation of any type. The
general information contained in this publication should not be acted
upon without obtaining specific legal, tax, and investment advice from a
licensed professional.

Investors should carefully consider the investment objectives, risks,
charges and expenses before investing in Russell Funds. This and other
information can be found in the funds? prospectuses, which may be
obtained by calling 888-RSL-ETFS (888-775-3837) or downloading the file
from russelletfs.com. Read the prospectus carefully before investing.
Investing involves risk including possible loss of principal.

Past performance is not a guarantee of future results.

ETFs are subject to risks similar to those of stocks, including those
related to short-selling and margin account maintenance, if applicable.
Funds that emphasize investments in aggressive growth stocks generally
are more volatile than other types of investments, as aggressive growth
companies may participate in new industries, products or markets.
Aggressive growth companies may operate in more highly concentrated
markets. Investments in growth stocks are subject to the risks of common
stocks, as well as the risks that (i) the majority of earnings are
retained and not paid out as dividends to investors or (ii) the stock
price may rise and fall significantly based on investors’ perceptions of
future growth prospects. Investments in value stocks are subject to the
risks of common stocks, as well as the risks that (i) their intrinsic
values may never be realized by the market or (ii) such stock may turn
out not to have been undervalued. The risks of investing in deep value
stocks are magnified because of the greater potential losses associated
with investing in these stocks. The funds are passively managed and may
not match or achieve a high degree of correlation with the return of
their corresponding Index. As with all investments, there are certain
risks of investing in an ETF, and you could lose money on an investment
in an ETF.

Not FDIC Insured. May Lose Value. Not Bank Guaranteed.

Russell Investment Discipline ETFs are new and have limited operating
history. There is no assurance the investment process will consistently
lead to successful investing. There is no assurance the stated
objectives will be met.

Russell ETFs are distributed by ALPS Distributors, Inc. (“ALPS”).
Russell Investment Management Company (“RIMCo,” dba Russell Investments)
serves as the investment advisor to the ETFs. ALPS and RIMCo are
separate and unaffiliated.

ALPS Distributors, Inc. does not distribute products outside the U.S.
and is not the distributor for the Russell High Dividend Australia
Shares ETF and Russell Australian Value ETF in Australia.